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32% Pakistanis eat less as prices rise

ISLAMABAD: Thirty-two percent of Pakistanis say they have cut down on food because of rising prices, a research group said on Friday.

Soaring food prices and shortages of staples mean about 77 million of Pakistan's 160 million people are food insecure, a 28 percent increase over last year, according to United Nations World Food Programme (WFP) estimates.

The survey of 1,732 people in rural and urban areas conducted in early August also found 56 percent of the people saying rising costs of food, fuel and electricity had had a severe impact on them and their families.

"It might be a serious concern for the government to know that 70 percent of Pakistanis blame the food price hike on government policies as opposed to other factors such as global price trends," said the Pakistani Institute of Public Opinion, which carried out the survey.

Like most emerging economies, Pakistan was badly hit by soaring global oil and food prices over the past year and the country was facing an economic crisis even before the global financial crisis developed.

Pakistan is facing inflation at close to 25 percent, a balance of payment crisis and foreign reserves falling by $1 billion a month.

With no external funding, analysts say the country will most likely have to agree to assistance from the International Monetary Fund.

Daily Times

 

Author

Bilal Qureshi

Bilal Qureshi is a resident of Washington, DC, so it is only natural that he is tremendously interested in politics. He is also fascinated by the relationship between Pakistan, the country of his birth, and the United States of America, his adopted homeland. Therefore, he makes every effort to read major newspapers in Pakistan and what is being said about Washington, while staying fully alert to the analysis and the news being reported in the American press about Pakistan. After finishing graduate school, he started using his free time to write to various papers in Pakistan in an effort to clarify whatever misconceptions he noticed in the press, especially about the United States. This pastime became a passion after his letters were published in Vanity Fair and The New Yorker and his writing became more frequent and longer. Now, he is here, writing a blog about Pakistan managed by Foreign Policy Association.

Areas of Focus:
Taliban; US-Pakistan Relations; Culture and Society

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